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After Yesterday's Rally of 3.31% Shares Could Potentially Pullback

By James Quinn

Asbury Auto Grp (NYSE:ABG) traded in a range yesterday that spanned from a low of $95.64 to a high of $98.57. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $97.81 on volume of 50,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Asbury Auto Grp and will alert subscribers who have ABG in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Asbury Auto Grp has traded in a range of $58.60 to $104.55 and is now at $97.04, 66% above that low. The 200-day and 50-day moving averages have moved 0.58% higher and 0.31% higher over the past week, respectively.

Keywords: rebounders asbury auto grp

Ticker(s): ABG